Peloton's (NASDAQ: PTON) stock has been on fire recently, in part because the company is focused on a strategy that works. It needs to sell high-end bikes to consumers and make money on their subscriptions. A recent deal with Costco (NASDAQ: COST), of all retailers, could fuel the company's growth. In this video, Travis Hoium shows how this could be a win-win deal over the long term.
*Stock prices used were end-of-day prices of Oct. 22, 2024. The video was published on Oct. 23, 2024.
Don’t miss this second chance at a potentially lucrative opportunity
Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.
On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:
- Amazon: if you invested $1,000 when we doubled down in 2010, you’d have $20,803!*
- Apple: if you invested $1,000 when we doubled down in 2008, you’d have $43,654!*
- Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $404,086!*
Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.
*Stock Advisor returns as of October 21, 2024
Travis Hoium has positions in Peloton Interactive. The Motley Fool has positions in and recommends Costco Wholesale and Peloton Interactive. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
